Ontario's Economy Continues To Turn The Corner
McGuinty Government Helps Create Another 564 Jobs and Protect 606 Existing Jobs
Ontario's economy continues to turn the corner as more companies announce new jobs and investment. This week, the province announced projects that will help to create and protect a total of 1,170 new and existing jobs for families across the province. This is in addition of the 969 new and existing jobs announced last week.
With the government's support, these businesses are expanding or developing new products and services and strengthening Ontario's economy:
- Horizon Plastics International Inc. is investing in an innovation project that could create up to 350 new jobs in Cobourg. The company is commercializing new technology for making plastic that would require less raw material, use less energy and create less waste.
- Protenergy Natural Foods Corporation is creating 60 new jobs in Richmond Hill and investing in new equipment at its food processing plant. The company supplies leading retailers and branded manufacturers around the world with soups, broths and sauces.
- EcoSynthetix is investing in green technology for the paper industry in an innovation project that could create up to 40 new jobs in Burlington. The company is developing environmentally friendly alternatives to the petroleum-based chemical coatings used for colours to stick to glossy paper and cardboard.
- Exeter Produce and Storage Company Limited is investing in new equipment to expand the capacity of its bell pepper processing line, creating 40 new jobs in Huron County. The company is a fresh produce grower and distributor, serving markets throughout Canada, the U.S. and Caribbean.
- Dynacast is creating over 36 new jobs in Peterborough and installing new machines to expand its product line. The company makes die cast components for a wide range of industries including telecommunications, computing, consumer electronics, healthcare and automotive.
- Wawasum Corporation and South Wabi Sawmill are creating a total of 23 new jobs as a result of accepting wood supply offers from the province. Wawasum Corporation will use the wood in a new plant to be built near Greenstone to produce clean-burning wood pellets for energy production. South Wabi Sawmill in Haileybury will be modernizing its mill, which produces pine and cedar millwork, panelling and barrel saunas.
- A. Potvin Construction is creating 10 new jobs in Rockland, investing in new technology and increasing the capacity of its production facility. The company makes custom kitchen cabinets, trims, framing, and siding for the construction industry.
- Rich Products Canada is creating five new jobs in Fort Erie and investing in new equipment that will increase production volumes, boost productivity and reduce energy consumption. The company makes frozen breads, rolls, pizzas and sweet goods.
Earlier this week, Premier Dalton McGuinty toured Ascension Cross Media to highlight the growth of the province's digital media industry. Digital media production contributes almost $1.5 billion annually to Ontario's economy and employs 16,000 people, up from 8,000 in 2000.
Minister of Tourism and Culture Michael Chan toured the set of Warehouse 13, currently filming its fourth season of production in Ontario. In 2010, film and television production accounted for more than 23,000 direct and indirect jobs and contributed almost $2 billion to Ontario's economy. Minister Chan also visited Arts & Crafts music studio. In 2009, the province's sound recording and music publishing industry generated nearly $463 million in revenues.
Partnering with local business is part of the plan laid out in Ontario's 2011 Budget - Turning the Corner - to create and support 10,000 new and existing jobs for Ontario families and strengthen our local economies.
- These investments are part of initiatives announced in the 2011 Ontario Budget - Turning the Corner
- So far, Ontario has recovered 93 per cent of the jobs lost in the recession.
- Numbers released by Statistics Canada today show that Ontario added 5,600 net new jobs in March.
- These projects represent business investments of more than $54 million.
- As a result of the tax changes implemented in Ontario, taxes on business investment were cut in half, making Ontario more competitive and encouraging business growth.
“The investments made by these companies are a vote of confidence in the province, its people and the underlying strength of our economy. As Ontario's economy turns the corner, our government will continue its proactive approach, working with businesses to help them innovate, grow and create jobs.”
“Ontario's economy is turning the corner and jobs and growth are returning. These investments are evidence that our government's Open Ontario plan is working to ensure the province is a much more attractive place for businesses to invest and create jobs.”